TranSwitch Corporation TXCC today announced that it is
offering to sell shares of its common stock and warrants to purchase
common stock in an underwritten public offering. Maxim Group LLC is
acting as the sole manager for the offering. TranSwitch intends to use
the net proceeds from the offering for product development, general
corporate purposes and working capital.
The shares and warrants described above are being offered by TranSwitch
pursuant to a registration statement previously filed with and
subsequently declared effective by the Securities and Exchange
Commission (“SEC”). A preliminary prospectus supplement relating to the
offering has been filed with the SEC and is available on the SEC's
website at http://www.sec.gov.
See full press release
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